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Li Corporation reported pretax book income of $752,500. Taxdepreciation exceeded book depreciation by $620,000. In addition,the company received $320,000 of tax-exempt municipal bondinterest. The c

Li Corporation reported pretax book income of $752,500. Taxdepreciation exceeded book depreciation by $620,000. In addition,the company received $320,000 of tax-exempt municipal bondinterest. The c 1 answer

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